A new study from the Center for American Progress found that 20 universities received one-fifth, or $6.5 billion, of the total amount of loans the government gave graduate students in the 2013–2014 academic year. Those schools, however, only educate 12% of all graduate students.
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What’s striking about the Center’s findings is that a majority of the debt taken to attend the 20 schools on its list is not for law or medical degrees that promise hefty paydays. Most graduate students at those schools are seeking master’s degrees in journalism, fine arts, or government, according to CAP.
Still, at
forwp-incontent-custom-banner ampforwp-incontent-ad2">It’s not exactly shocking that pricey private schools like New York University, Georgetown University, and George Washington University made the list–tuition alone at all three schools is well over $40,000 a year. But the eight for-profit colleges, including University of Phoenix and Capella University, may raise some eyebrows.
Indeed, students borrowed the most amount of money, $756 million, to attend Walden University, a for-profit school that specializes in offering graduate degrees in education, healthcare, and business.
Read more at the Washington Post….